april 2015

It’s the middle of April already, and that means two things: tax time, and time for the Aptos Real Estate Market Update for April 2015!

The median price for single family homes in Aptos in March 2015 was $870,000 – up 25.5% from a year ago when the median price was $693,000. That’s a huge increase over last year, and also comfortably above the Santa Cruz county median price of $775,000.

There were 24 sales of single family homes, which is 26.3% higher than a year ago, because 19 homes sold in March 2014. The homes which sold did so in an average of 76 days – but that includes one home which took 1,065 days to sell. Excluding that one home, homes sold in an average of 34 days. Last year, homes took 70 days to sell on average in this time period.

Sellers received an average 98.7% of full asking price in March – up significantly from last year this time, when sellers received only 95.7% of asking price.

There are presently 94 single family homes for sale in Aptos, and of those, 44 are under contract to be sold. That works out to be a 1.7 month supply of inventory – which is virtually unchanged (although slightly lower) from the inventory levels of the past couple of months.

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Let’s turn out attention to the market for condos and townhomes. The median price for condos and townhomes was $522,500 in March 2015 – and that represents a 12.4% increase compared to a year ago, when the median condo price in March 2014 was $457,750. A total of 10 condos sold in Aptos in March 2015, which is a 67% increase in sales compared to a year ago, when just 6 condos sold.

The condos which sold did so in an average of 85 days on market – which is slightly faster than a year ago at this time, when condos took an average of 91 days to sell. On average, sellers received 100% of full asking price for their property, considerably better than a year ago when sellers received 98.2% of asking price.

At this time, there are 36 condos and townhouses for sale in Aptos, which is a significant rise compared to last month. Of those 36, 12 are under contract – which works out to a 3 month supply of condos and townhouses. While inventory is up, sales are also up, which means the the relative supply of condos and townhouses is unchanged from last month.

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What Your Money Buys You – Houses

While the median price for homes in Aptos in March 2015 was $870,000, the least expensive home went for $548,000 and the most expensive went for $2,157,500. Here’s what that kind of money buys you in Aptos today:

What Your Money Buys You – Condos

While the median price for condos in Aptos in March 2015 was $522,500, the least expensive unit sold for $360,000 and the most expensive went for $675,000. Here’s what that kind of money buys you for an Aptos condo/townhouse today: